GM Frens. Wow. Not doing the morning briefing for a few days is fairly epic in terms of the amount of time I have to do other things. I really gave myself a job with it. I may drop the frequency down to 4 days a week when I return from this hiatus. My biggest mistakes in the crypto space were because the idealist in me saw a potential for true decentralization and told the investor in me to shut up when I tried to bring up objections. Early on - biggest mistake: Litecoin - I loved the silver to Bitcoin's gold narrative that Charlie Lee spun. He's a good dude but when he sold all of his LTC, it was essentially a rugpull to everyone who had bought into his narrative. Ouch. Next were Digibyte and Ravencoin - I loved the decentralized, community controlled ethic and the tech just really worked. Both are among the fastest and cheapest blockchains to operate on still - and both have innovated and brought smart contracts, NFTs, and more - but neither was appealing to bankers and boomers - and thus have largely failed. I bought into Filecoin - thinking that having a blockchain cloud run as a sort of DAO was the goal. I was wrong. ICP was my next big failure - the dream of turning the entire internet into one big blockchain computer designed and controlled by ethical foundations and big brain think tanks - epic - I bought heavily and then the early airdropped tokens were all sold in a race to the bottom. I still believe in ICP, but it has been my second worst investment to date. The worst investment - Wonderland. The Defi space has always been confusing to me and I've largely avoided it but when I heard Daniella speaking about taking the power of fractionalization and money creation away from the banks and building a society where the bottom built and controlled the wealth - my desire to avoid investments I didn't understand was over-ruled by my desire for a better, more just, and more equitable world. These investments in a world that seems better have largely eaten up any profits I've made in crypto - and yet, I still hold most of these positions and will continue (exception is $LTC) - $RVN, $DGB, $ICP, $FIL, #TIME, #MEMO - my losing bet on a better world - so far.
nice write up i been rktd a lot too. its tough